Shandong high-speed acquisition group Road total mileage more than thousand kilometers

Shandong High Speed (600350) today issued a major asset restructuring plan, to the controlling shareholder of Shandong High Speed Group Co., Ltd. to purchase the way to buy Shandong Expressway Operation and Management Co., Ltd. 100% Equity and Shandong High-speed Weifang Road Co., Ltd. 51% Equity, assets valuation of about 7.5 billion yuan,　　The stock issue is about 1.418 billion shares in size. According to the plan disclosed that high-speed transportation pipe Company and Weifang company operating Shandong high-speed group of Beijing-Fuzhou high-speed tak-South to Taian section, Granville Milk high-speed and Weifang high speed and other road production, the total interest mileage of 290 km, after the completion of the acquisition, the Shandong Expressway Total Toll road will reach 920 kilometers,　　Plus commissioned the green silver high-speed Jinan around the north line 46 kilometers, Henan Xu Bo Expressway 125 kilometers, the company's operation and management of the expressway total mileage will reach 1091 kilometers, a leap into the domestic highway plate the first major listed companies. Plan shows that the Shandong high-speed acquisition of assets are Shandong high-speed group's high-quality assets, the future has a good sustained profitability, thickening company performance. Data show that 2010 1 to May, BEIJING-Fu into the 139.16 km to achieve toll income 489 million yuan, an increase of 19.49%; Granville Milk high-speed 79.60 kilometers to achieve toll income 34.7189 million yuan, an increase of 18.97%, Wei-lai high speed to achieve operating income of 97.6539 million yuan, an increase of 21.52%.　　The underlying asset package 2010 1 to May, the realization of operating income of 588 million yuan, net profit of 202 million yuan, for the thickening of listed companies to lay a good foundation for future performance. In the above road production, Jing Fu into the section for the National Highway Network longitudinal main line-Fuzhou high-speed, Beijing-Shanghai high-speed in Shandong's overlapping sections, length of 139.16 kilometers, Shandong high-speed group is the most outstanding road production, Shandong province and even the country's most profitable one of the highways, equivalent to the province of another "Jinan-Qingdao high-speed ”。 Granville Milk high-speed connection Jiaodong Peninsula Economic Area Weihai, Qingdao, the future is expected to become the Jiaodong Peninsula, one of the busiest traffic routes.